I don’t know about y’all, but I will not ever be going shopping here.
Kroger promises to lower grocery prices by $1 billion after artificially inflating them by $3 billion.
Oh, so just like their normal “sale” items.
Prices are probably skyrocketing as we type in preparation for this “massive” amount of savings.
This item is $9000, but if you let us track your purchases and give us all of your personal information, it’s $3.
Blackmail
Literal blackmail. Agreed
More like extortion.
Fuckin lies… No for profit business ever said hey let’s spend a bunch of money to buy another business to make less money.
They aren’t even saying that.
After the merger closes, Kroger will invest $1 billion to lower Albertsons’ prices, consistent with Kroger’s track record of fighting inflation and providing value to customers.
So, they’re going to invest $1 billion to lower prices (which the writer speculates will be through “increasing efficiencies and improving its supply chain”).
Which they already claim they actively do in order to lower prices
consistent with Kroger’s track record of fighting inflation
LOL, fucking what? They’re literally one of the major causes of inflation.
which the writer speculates will be through "increasing efficiencies and improving its supply chain
Oh, so firing more people, adding more self-checkout lanes, charging more for bags, and extorting distribution centers so they also have to fire a bunch of people?
increasing efficiencies and improving its supply chain
That just sounds like sourcing lower quality food stuff to save their bottom line
Nah it’s going to be a billion dollars and putting those prices that can change at the drop of a hat with AI is help The digital ones. They’re expensive
“You should let us reduce competition in the grocery space, because with less competition prices will be lower.”
That’s a bold take.
$omething tell$ me it will probably $till work though.
Walmart has been doing it for decades to achieve its low prices. The problem isn’t that it won’t work, it’s just still a shitty thing to squeeze every cent from your suppliers.
Wal*Mart does definitely squeeze their suppliers, and it does have relatively low prices, but it’s hardly a charity. It squeezes suppliers, not so that it can supply customers with low prices but so that it can provide profits to investors.
Economies of scale do allow for lower prices. Problem being, monopolies do not.
Economies of scale allow for lower costs, not lower prices. Lower prices are a choice that companies make, and it’s a choice they don’t have to make if they don’t have competitors.
You didn’t lower prices when you put in self checkout. Don’t piss on me and call it rain.
Self checkout did lower the prices if you play the game right.
For example, one time I had 2 donuts in a bag, but I rang them up as just 1 donut. Please dont tell the cops.
If I see you stealing food, no I didn’t.
I wouldn’t snitch even if I saw someone walking out with a wagon of money from the store safe. Fuck corporations.
How did two donuts become one donut though? Are you a wizard?
I always seem to lose count when scanning the same item repeatedly. I’m sure I got close to 12, and that’s close enough.
This is where we’re at now, corporations are issuing demands to the government, and the government is appeasing them.
Sounds like extortion to me. Revoke their licenses to do business until they replace their C-suite.
We passed that when the government order Microsoft to break up.
huh?
Replied to wrong comment. Someone else said something about now the corps are giving orders to the government. My response was that when MS was ordered to be ask up, they more or less said “nope”
Those blackmailing fucks can go to hell
No that sounds an awful lot like extortion. That’s a crime you know.
Do it right now then.
‘improving their services’
=
extracting more value from their consumers
Force them to break up into all their constituent companies.
Competition and the free market, also free of M&A’s, will help pricing for everyone, including suppliers and customers.
Be great if we could elect anti-merger reps.
They have a concept of a plan to lower the prices.
Darth Kroger after the merger: “I have altered the plan, pray I do not alter it further”
